15 Best Cheap Stocks to Buy for 2025

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2. Micron Technology, Inc. (NASDAQ:MU)

Forward P/E Ratio as of January 15: 13.26

Number of Hedge Fund Investors: 107

Micron Technology, Inc. (NASDAQ:MU) is a manufacturer of memory and storage solutions, offering products such as DRAM, NAND, NOR flash memory, and solid-state drives (SSDs). The company serves customers across various markets, including data centers, PCs, graphics, networking, and automotive industries.

Micron Technology, Inc. (NASDAQ:MU) is focusing on developing and expanding its cutting-edge high-bandwidth memory (HBM) and low-power DDR5X (LPDDR5X) technologies, which are essential for advanced computing and data center applications. The company aims to achieve a natural bit share in its HBM by the second half of 2025. These efforts involve investments in front-end fabrication facilities, assembly and test processes, and enhanced cleanroom capabilities. Micron’s HBM3E and 12-high HBM products are experiencing strong demand.

Furthermore, Micron Technology, Inc. (NASDAQ:MU) is bolstering its global operations by investing in a new facility in India to support its back-end processes. These strategic investments are vital to maintaining the company’s leadership in advanced memory technologies and meeting the increasing demand from data centers, AI, and other rapidly growing sectors.

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